XM allows you to freely transfer funds if you have multiple accounts. Since XM allows you to have up to 8 accounts, there must be many people who transfer funds between accounts. One thing you should be especially careful about when transferring funds between XM accounts is the disappearance of bonuses.
- multiple accounts
- Transfer funds between accounts
- Points to note when transferring funds between accounts
- Open an account for free
XM allows you to operate multiple trading accounts. Please refer to the article below for instructions on how to open an account. It is very convenient because you can create and operate many accounts.
Transfer funds between accounts
We will explain how to transfer funds between XM trading accounts.
open my page
XM funds transfer can be done at any time from My Page. First, log in to My Page.
Select funds transfer
Select “Fund Transfer” from the menu above My Account.
Select the account ID and deposit amount of the transfer destination (funds transfer destination)
When you click “Transfer funds”, the screen “Transfer funds between accounts” will be displayed as shown in the picture above. Enter the “Deposit Account ID” and “Deposit Amount” of the transfer destination. Please note that the minimum deposit amount must be 500 yen or more.
After entering the account number and deposit amount to which you want to transfer funds, click “Send Request” at the end. At the same time, you will receive an email from XM titled “Internal Remittance Notice”. This completes the process.
Points to note when transferring funds between accounts
The method of transferring funds between accounts has been explained above, but there are points to note along with this.
move the bonus
When you transfer funds between XM accounts, the bonus will be transferred at the same rate. Note that the same proportion of bonuses as the transferred balance will also be transferred.
Only the bonus cannot be moved
When you transfer funds between XM accounts, the bonus will be transferred by the same percentage. However, bonuses cannot be moved alone. Only cash balances can be transferred with XM.
Zero Account / KIWAMI Kiwami Account
If you transfer funds from a standard account or micro account that reflects a bonus to a zero account or a KIWAMI polar account, the bonus in the account from which the funds were transferred will disappear. This is because XM’s zero account and KIWAMI polar account are not originally eligible for the bonus campaign.
XMP does not move
At XM, you earn XM points with every transaction. XM points are only accumulated in the account and are separate from the account bonus. In other words, XM points will not move even if you transfer funds between accounts.
Transferring funds between the same account/activated accounts
Transfer of funds between accounts is only possible between the same account or between activated accounts. XM prohibits the transfer of funds to accounts in the name of others or to accounts that have not been activated.
Transferring funds while holding a position
When transferring funds from an account that has a position, a limit is imposed by the margin maintenance rate. If you want to transfer funds, do so after closing all positions.
Transferring funds between accounts with different base currencies
There is a disadvantage that a fee will be charged when transferring funds between accounts with different base currencies. Normally, there are no fees when transferring funds between accounts with XM. If the source and destination base currencies are different, a 0.3% exchange fee will be incurred.
Open an account for free
You can open an account with XM for free. Please refer to the article below as it is introduced.